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will include west virginia in the conversation about energy. do have you any idea they would even be considered because of this? would it embarrass the obama administration into including west virginia? >> my guess or my observation about the administration, they are pretty shameless. i doubt we could embarrass them into were of anything. jackson has put through rule after rule, the damage that the economy with almost no environmental benefit. they are raising energy prices, and putting people out of work. and they are doing it, without any support in continental for this -- in congress for this, that is why they deliberated in second rate. and do everything behind people's backs, and not let the public know who they are talking. to i expect we'll find, when we see the 12,000 e-mails, we'll see a lot of private chatter with environmental pressure groups. and i think you know, it could be embarrassing. tom: myron thank you for joining us. congress -- republican congressman ben harper is joining me about that e-mail situation, congressman, do have you plans for lisa jackson to come before your c
them self. >> hello,ishv. my name is ian kalen, hottved by the department of energy and i support thuous us chief technology officer todd park who is not the cto, but assistant to the president. >> and i'm peter hirschberg, run publicly a dozen hack-a-thon, [speaker not understood], build apps and explore what's possible. >> i'm chris, the co-founder and ceo of 100-plus and we use data from many different sources to try to help people be more healthy in their daily life. >> hi. [speaker not understood]. we're a mapping and location-based analytics platform. and we are working with open data and trying to see how we can turn data into information, data into knowledge, and the kind of decision products. >> hi, i'm john, ceo of motion loft. we're trying to understand how people move around cities and provide that data to the public to build new tools for public safety. >> hi, i'm [speaker not understood] with code for america. we're a peace core for geeks. we're trying to bring talent from the private second for and government to innovate. we work with dozens of citieses across the c
something of the most energy efficient windows in the world. >> think getting the vice-president was a big feel and they got the president, too. >> these workers will now have a new mission, produce something of the most energy efficient windows in the world. >> other companies don't get so much help but this company gave money to the democrats and one of their executives was married to an energy department official. 's shoe nice to get special government help. >> thank you, mr. vice-president, four your support. >> left-wing think tanks criticize corporate welfare but somehow green handouts are okay. >> everybody wants to fin a better fuel efficient way to go about their daily business, and the government is going to invest in companies to pioneer technologies. that it is not corporate welfare. >> the business i too dumb to invest without the government saying, do this. >> the private sector will oy invest if they know for sure there's a commercial market place. >> you say everybody wants these thgs. isn't that enough incentive for private greedy substances to make it? >> the free market
that kind of lodge quick from a ceo, particularly from a an industry giant. speaking of energy industry giants now that the election is over what will happen with the keystone xl pipeline? it is planned to stretch from canada to the gulf of mexico and has been plagued with controversy since day one. construction on the southern leg is underway but the northern section is still up for debate. transcanada hopes its most recently revised route will ease concerns over nebraska's environmentally sensitive sand hills region and i had a chance to ask ceo russ germing to lay out the details. tell me about the route. hopefully we can put the picture up again. there are a quite a few little loops along the way to make sure it doesn't touch this environmentally sensitive area. in a way are you sort of calling the president's bluff, saying, well, we have done everything we're supposed to, now approve it? >> i think we've done that, we've done everything that we are supposed to do for the whole process that started well over four years ago. and, this is just the latest, you know, adjustments we made
is that senators will devote much more of their energies to governance. in a perfect world, we would not only govern, we would execute a coherent strategy. that's a very high bar for any legislative branch to clear but we must aspire to it in cooperation with the president because we are facing fundamental changes in the world that will deeply affect america's security and standard of living. the list of such changes is long but it starts in asia with the rise of china and india as economic political and military powers. the obama administration has conspicuously announced a pivot to asia. at the center of this pivot is china, which exists as both an adversary to certain u.s. interests and a fellow traveler sharing mutual goals and vulnerabilities on others. the ongoing challenge will be for the united states to discern discern, sometimes issue by issue, whether china is an adversary or a partner. and this calibration will impact america's relations with the rest of asia and may ultimately determine prospects for war or peace in this world. while visiting indonesia thailand and the philippin
? >> obama gives stimulus billions of dollars to fat cat friends with green energy companies like solyndra. >> eleanor? >> war in afghanistan. >> overreported. >> no, no, biggest government waste. >> biggest government waste. my material. clarence? susan? >> government junkets, the government service administration spent $800,000 for a conference in las vegas. >> clarence? >> tax cuts for millionaires and billionaires. >> . the biggest government waste is -- as we just heard is the war in afghanistan. the cause was to transform afghan society into a replication of the west. a known cause but unattainable. afghanistan is a failure. count let more shattered lives and an immense waste of money and national prestige. okay best government dollar spent, pat? >> the national weather service which like it or not gave us about a week's head start and head start warning that sandy was coming and probably saved thousands of lives when you consider the hurricane in galveston in 1906 killed 6,000 people. >> eleanor? >> obama care. >> susan? >> nasa. mars rover incredible technology. water purification.
. finally, i became a ping pong master while recording my debut album. how you ask? with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. - [laughing] woman: i used to wonder, why would a jew, a christian, and a muslim ever get together? - hello, hello. woman: and then i finally got it. they had a lot more in common than doughnuts. - ♪ love can build a bridge - ♪ oh, love and only love - ♪ between your heart and mine ♪ male announcer: a message from the foundation for a better life. ♪ lou: joining me, lou: joining me now, the "a-team," legal analyst and former clinton advisor, fox newv contributor.ke good to have you all here. have to start with you on this republican recess, as we start to figure what is going on with republicangu party. it seems stephen hayes and a fet other folks are saying they did a great job in her standing up for them it i'm not saying anything, just asking questions this is a status quo position of the republican party? >> the rank and file out across history -- lou: who is it? >> look, i need a little bit ofk
in more energy than we expected. it becomes a unit of heat. protein, fat, the different types of carbohydrates, the glucose from fructose sugar, they all have different effects. whether or not you will store calories as fat order there will not the calories come up with a hormonal effects of the food. how much energy bring to us. john: but the u.s. department of health says a calorie is a calorie. >> it just hasn't been tested. one of the things we did when i started this organization. john: this being? >> the nutritionist study. we went back to world war ii to every scientist that attempted to answer that question. we foun 82 studies that have attempted to answer that. they were all probably the same limitations and prlems. in 2012, there is plenty of anecdotal evidence. a calorie is not a calorie, necessarily. john: one thing that absolutely must be true if you should eat less fat. yet you eat lots of fat. and you're a doctor. a stanford docto what's that about? >> like i said, three or four yes ago, when i got to the point where ms. chu overweight d my wife said i needed to
and investments they make and the clean energy jobs they create. 2 million americans out of work that are out there looking every day will continue to receive unemployment benefits as long as they are actively looking for job. but i think we all recognize this lot is just one step in the broader effort to strengthen our economy and brought an opportunity for everybody. -- this law. the fact is the deficit is still too high. we are still investing too little in the things that we need for the economy to grow as fast as it should. that is why speaker john boehner and i originally tried to negotiate a larger agreement that would put the country on a path to paying down its debt while also putting americans back to work, rebuilding roads and bridges for, and providing investments in areas like education and job-training. unfortunately, there just was not enough support or time for that kind of large agreement in a lame-duck session of congress. that failure comes with a cost as the mess in nature of the process over the last several weeks has made business more uncertain and consumers less confid
really led to an energy rest of renaissance in this country. that is exactly where we wanted to go, and now, it is really entering the public lexicon. matt damon is out with a movie on fracking, he was on letterman last night about that movie out today. >> you know, it's tough when you go into these communities. the first thing we were shooting a crazy way of hanging onto way of life that they might lose otherwise. >> it's very tough. rri: hasn't this been unlocking an economic juggernaut? for so many families across the country? >> it can revitalize the entire economy. we could be on the wave of new prosperity for everyday people. not as rich people. everyday people. because of the job creation potenti of domestic energy resources. we turn natural gas into transportation fuel, what a deal that would be. tell the opec nation that we don't want your oil anymore. we are producing methanol or gasoline from natural gas. we are going t keep the money in this country, invested over and over again, create jos and counties that haven't seen job creation in decades to end this would just mu
. back to you, carl. >> seema, thanks so much. check out some energy in metals this morning. let's go to our favorite birthday girl of the day. bertha coombs. >> thank you very much, for the birthday wishes. you know, it's national chocolate day. what else would be better on your birthday? except for a lot of inventory numbers today, delayed because of the christmas holiday. we have energy at the moment fractionally higher across the board. the dollar index weakening just a hair at the moment. despite the fact that we had industry numbers that were a bit bearish. the api putting out numbers of crude stocks. when you look out at the estimates for the eia, we're expecting to see a drawdown of crude of 2 million barrels. crude, the third weekly gain. one of the biggest gains we've seen in a long time, nearly 3% this week. it's looking fairly technically strong. gasoline will be the one that people will watch. eia estimates are for a build there of 250,000 barrels. it's closer to that than what we saw from the api at 2.5 million barrels. that's certainly going to be more bullish for gasol
before he died with full energy though he was incredibly frail. he said to a friend, i should have run a national theater. that's what i should have done with my life. >> charlie: (laughing) did it impact his writing? >> in fact... charlie: simon. his writing is a performance. charlie: exactly. you feel more than you do with any other great writer in the presence of the author you feel him doing it for you, wanting your admiration for the virs yosity of the different voices that he employs. even the passages are like great arias. it's all a performance. >> his daughter reported that she saw him standing in front of a mirror and acting something out. he asked her about it. he gave her a very interesting answer. he said, well, if you asked someone to list the ways in which an old man walks he might think of eight or ten things but a decent actor is imitating 100 mowings. he would rush to his desk after acting out and write down what he had just done. the acting and the writing were won. snairlts robert, you were going to add what? >> don't talk about it. do it. that's what's he used to s
income tax credit with a college tuition tax credit or the alternative energy tax credits are things that i value and democrats value. the one piece of this puzzle that is rumored to be permanent is a patch to the so-called alternative minimum tax or amt. that would protect the middle class folks making $40,000, $50,000 range from being hit by that tax, which is really not often discussed in what i'm seeing in terms of media coverage. it is a very complex menu of things, chris, that we are debating and discussing here in the senate and the house. it is my hope that we can follow senator harken's core value which is to make sure that revenue raised is being invested in a way that protects the middle class and strengthens our economy. >> senator, let me ask you. i want to go a little bit broader. you were an executive prior to coming in the senate. you elected to the senate in 2010. you haven't been there all that long. certainly compared to everyone else there. are you surprised, amazed? what is your read-out that we are where we are on this? i'm looking at the clock. 10:47:50. the fa
market. over the last tlie months you see negative pressure on earnings. that's led by energy sector and stocks. ex-financials. and what's also giving us a bit of pause heading into 2013 is the fact that these expectations are calling for about a 7% increase in earnings for next year which may not seem heroic on the surface, but it is a reacceleration from the 5% that we're going to post most likely in 2012. >> you have to think about fundamentals then. >> yeah. i'm worried a bit about that and the fact we're probably going to see a reset in earnings estimates in the next three or four weeks. because these negotiations, we're going to get some closure and resolution. it's still going to be a 1%, 1.5% fiscal drag. that's going to be an impact on earnings heading into 2013. >> rick santelli, what do you make of the reporting that john harwood just came out with a moment ago? what do you think that means? >> well, i found it a little bit curious. because here we are with mitch mcconnell and the vice president trying to work this out from a senate perspective. and the story is the house
because they don't want to send the 88-year- old home too early. they want him to build up his energy. bush has been hospitalized for about a month after getting bronchitis. >>> one family gets a wonderful gift just in time for the holidays. >> this is an amazing story. a puppy stolen from an oregon humane society is now back in the hands of its rightful owner. chris woodward tells us how social media played a big role in bringing that puppy home. >>reporter: back in the arms of his new family. >> i fell in love with him when i first saw him. >>reporter: it's likely this 3- month-old puppy has no idea what he's really been through. >> i started tearing up a little bit. i was excited. >>reporter: moments earlier this family got to see john for the first time since he was stolen. >> he was in my arms when i first met him, and he's very good now, so it's good. >>reporter: saturday morning the belzer family was here to adopt john and had just finished the paperwork to make it official. >> the staff went to retrieve the puppy from the kunl, doors opened, puppy's gone. >>reporter: john
. natural gas, energy exploration in this country is turning into a big tailwind. how much do you dismiss those, if at all? >> i think they're all great stories. second half 2013 could be excellent and growth could really accelerate. all the things you mentioned are important. i would also allow the fact that household debt to income is going to fall back by the end, we think of next year, back to the long-term equilibrium level. the health sector is healthy. raised a lot of capital. europe has stabilized. but the problem is the politics. it's hard to quantify the politics. and we've seen business confidence also move lower. so it's really all about washington. if we get some clarity on the fiscal side, i think growth next year could be much better than what we're looking at at the moment. >> that is a big if. joe, have a great new year's. see you in 2013. >> same to you, carl. >> the markets are set to open lower. the nasdaq closing in negative territory for the last five sessions. the major indices are still on track to end with gains. having the best year in 2010. the s&p 500 up more t
much less energy and vigor some of the no voters have, they -- they would like to at least be able to go home for a day before the new congress starts on january 3rd. >> they want to tell constituents, i wasn't all that into this but that had nothing to do with me. here is the problem, as we get further and further. this could have amendments and setbacks, does that give energy to interest groups who started last night? politicking and lobbying both senators and congressmen to say this is a bad deal that gives too much to the other side. >> sure this gives an opportunity for opponents to make arguments this is a bad deal. this legislation not available to anybody publicly when the senate voted it on last night. there were early returns from heritage action group telling folks to vote no on it if they could, but basically this is the opportunity the no crowd will have over the next 12 hours, 24 hours to make their arguments. this is the way congress does business in the dark of night without any transparency to what they are doing, and i think ultimately, that's one of the reasons t
, tom putnam, who brings such energy to library's mission of preserving our nation's history. and our good friend we always love having with us, john. the president used a dictaphone to record his personal observations following key meetings and events. we thought they would all enjoy in the actual dictaphone that he used as senator before becoming president. we put it on the stage and we invite you can look at it after the form. this is the real thing, this is what he used in the senate. the one he used as president is now in the archives. over the years come we have welcomed many individuals to the state who have worked for president kennedy. those who vote for him and served in navy and knew him as a friend. they all have their own take and interpretation of what happened, their own spin. now it is the term of president kennedy. a principal speaker tonight, of which we invite you to listen to. it is that of president kennedy. many see this is the one president kennedy never had the opportunity to write. it is now my great pleasure to introduce the individual who is most responsible
and frantic energy that goes along with it. it's not good for quiet crowds and social stability. and ven the... the emotional and religious tenor of this holiday anyway, to have somebody preaching that the kingdom of god was really on its way-- perhaps it was going to be coming within, you know, within that very holiday-- preaching that the... the... in the days before passover, it's the equivalent of shouting "fire!" in a crowded theater. >> narrator: the gospels agree that this politically charged climate was the occasion for his arrest, but what happened next, and the role played by the priests, remains unclear. >> i think there's some kind of cooperation between the chief priests and pilate. the chief priests always had to cooperate with rome because it's their jobs. they're mediating between the imperial government and the people. then there was a perceived danger that pilate was on the verge of some kind of muscular crowd control. people would get hurt or killed when pilate felt so moved. and perhaps for this reason, jesus was turned over to rome. >> the most difficult thing for us, af
tax credits for clean energy companies creating jobs and reducing dependence on foreign oil and extend unem ploim insurance to 2 million americans out there still actively looking for a job. i have to say that ever since i took office throughout the campaign, and over the last couple of months, my preference would have been to solve all these problems in the context of a larger agreement, a bigger deal, a a grand bargain, whatever you want to call it, that solves our deficit problems in a balanced and responsible way. it doesn't just deal with taxes but deals with spending in a balanced way so that we can put all this behind us and just focus on growing our economy. but with this congress, that was a little too much to hope for at this time. pl maybe we can do it in stages. we will solve this problem instead in several steps. last year in 2011 we started reducing the deficit through $1 trillion in spending cuts. those have already taken place. the agreement being worked on right now would further reduce the deficit by asking the wealthiest 2% of americans to pay higher taxes for the fi
energy policy, trade with china, reregulation of wall street. and now this, taxing all those jobs creators, all those small businesses. i don't know why you would want to invest in this country now. gerri: let me ask you this. the congressional budget office has out its numbers. if the fiscal cliff hits they say u.s. gdp would shrink by half a percentage point and that unemployment will rise to over 9%. do you think they have the rights or are they just too conservative? will it be worse? >> if we actually went over the cliff we would be subtracted from domestic demand over $600 billion. that is about four percentage points in gdp. most economists were forecasting in the first half of next year hardly 2 percent growth. if you subtract 4% to spending from that year and a recession that is much deeper. the cbo tense and not be alarmist because they say what they are partisan, but congress read it paycheck, and they don't want to say congress is being irresponsible and thrusting the economy into the next great depression. gerri: then know whether paycheck comes from. did you know tha
system. protecting our planet from the harmful effects of climate change and boosting domestic energy production. protecting our kids from the horrors of gun violence. it's not just possible to do these things, it's an obligation to ourselves and future generations, and i look forward to working with every single member of congress to meet this obligation in the new year. and i hope that everybody now gets at least one day off, or a few days off, so that people can refresh themselves. we will have a lot to do in 2013. thank you, everybody. happy new year. [talking over each other] diane: hello, you are watching fox business, and that was president obama just now speaking about a deal that congress reached today to avoid the automatic tax hikes and spending cuts the new deal will have those tax hikes only affecting people making more than $400,000 per year for individuals, couples making $450,000 per year, spending cuts have been pushed and we will continue to see debates on. he will bring in rich edson has been live from capitol hill all day. working hard to keep us updated, which we
thermostat remotely to help save energy and money. turn on the lights, even see that everyone is safe and secure. and with adt, you can rely on our fast response monitoring for 24/7 protection against burglary, fire, and high levels of carbon monoxide. the adt new year's sale. it could help you save something more important than money. call now to save $300 on adt starting at $99 installed plus 15% off accessories. sale ends midnight january 2nd. their new school in a neighboring town. classes start tomorrow in the building of a former middle school that's been out of use. this comes nearly three weeks after a gunman slaughtered 20 kids and six adults at sandy hook elementary in newtown, that school is still considered a crime scene and remains closed indefinitely. david lee miller with the news kind ofmonroe, connecticut. security did they have in place today? >> well, jon, authorities are not releasing all the details but it was very plain to see that just outside the school there was a check point. they were checking the i.d. of drivers that were approaching the school. the media w
familiar with the talks who noted a wind energy tax credit is preserved as the president eluded to in his remarks. also depreciation for businesses with spending money on new equipment. all of those things arement wills of the tax deal, but until they get the sequester, the budget elements worked out, the deal's not going to be finished. >> now, the deduction phaseout. this is relatively new. any idea at this point which deductions we're talking about and any timetable for them? >> i have to confess, bill, i don't know how exactly that works. these are provisions that were first initiated in the 1990s as a way of getting more revenue from people at the top without raising their rates. so what you do is you take the same deductions that other people can take and you limit their value over a certain income level. this is in addition to something the president's proposed of making the tax deductions for people above a certain income level valued only at a lower percentage tax rate than the 39.6% rate. we'll see how all of these things mesh and how they're implemented ultimately. but it's a w
phased out for more energy-efficient ones. >>> a new law in australia is banning ladies' nights. is it's part of an effort to tackle binge drinking but some bars found a little hole that says if the deal applies to everyone it's okay. so they might be offering drinks to men. >> despite the last-minute deal settled in the u.s. senate last night, the united states has technically fallen off the fiscal cliff as of now. the house has not voted and the president has not signed anything. why couldn't washington have solved this problem earlier? they have had it for over a year. did it have to be pushed to the very last second? i'm joined by debby dingle and ron myer. does it have to be done like this? >> i think all of us would like to see it not done like this, but i think the reality of what the tax increase would be to 100% of americans, i still think we're going to hear a lost static on the house side before you see that vote. it takes coming down to the wire, unfortunately, too much in washington to get the answer to occur. we're only punting. it's going to make march madness a new defi
at the nymex. we have a nice little rally. if you're long, it's looking pretty good. nymex leading the energy complex. we had the contract here go above $91. that's a two-month high for the current contract. partly we've seen a little bit of a weakening of the dollar. that has certainly helped commodities. also optimism about the fact they're getting back to work in washington to try to avert the year-end fiscal cliff situation. meantime, one of the things that's interesting is how wti nymex has performed. year-to-date it has been the worst performer with regard to its loss versus a gain on the benchmark now for the global crude of brent. because we continue to see a glut here in the u.s. of oil that's produced, and unable to get out to the rest of the market, to the global market, because of a lack of infrastructure. in fact, that brent premium for a second year has topped $15 on average for the year. we're close to $20 here. nat gas also getting a bit of a boost today. the near term forecast certainly chilly. you can see that with all of that snow that's headed towards the east coast from t
story. and the second is, of course, the remarkable thing going on with energy based around shale, gas and oil. if these two sources of strength persist, you know, is the disappointment about the cliff enough to negate those two things? i suspect the answer is probably not. what it might mean is the difference between an economy that's going in the 2% vicinity of one that could, if a credible deal unleached from the korcht sector and beyond, one that could get back to what most people were -- if not normal, think of the old one in the 3% vicinity. >> jim, to the extent a client were to call you today and say, look, the market is dounl a little bit and who knows if it will be later today. do us this is a buying opportunity, then? >> well, you know, because i look at, obviously, things in such a global context, in any case, because the u.s. market has rallied so much from 2009, and as you guys, i hope, recall, i've been in the bull camp ever since, measures of valuation in particular so-called capital adjusted p/e ratio tight model which is a very conservative approach. the u.s. market i
the moves within the energy and metals market. check in with sharon especiallier son. >> we're looking at u.s. oil prices, the wti contract was at the highest levels since september. above $93 a barrel and it's broken through key technical levels. the same is true for brent crude. the next level to get to in terms of resistant above $113 a barrel. we're also seeing gains even in the gasoline futures and that comes on a year that saw the highest retail gasoline prices on average. $3.60 was the average price for 2012. we're looking at 2013 starting off around 3.29 a gallon. aaa is saying we're going to see gas prices that are probably a little cheaper than a year ago, but still, rather high. we're seeing a big downturn here in natural gas. bucking the trend from where other commodities are standing. prices hit a low of $3.05 and some traders saying it was just below trading activity. others say look at what's happening to the weather forecast a week or so out, where we're going to see very much above normal temperatures for much of the country. and then take a look at what's happening in the
of educating young people is really remarkable. analog that goes to the energy, and to be candid, the fund-raising ability that john brings us. so, john, thank you for your work. [applause] >> i hope all of you will join close to me in keeping mrs. reagan in your prayers. she is a remarkable woman who spent a lifetime serving this country. and we all cherish her, as she continues to be active and continues to play a role here at the library. so i couldn't come here, and i mentioned nancy fortissimo their aisles with say, governor, it's great to be back with you. we did a lot of things over the years. from being made in san diego to u.s. senator to governor, to a leader in a variety of ways. i look to pete wilson and to gale as great people who represent the willingness to serve the state and the country in an important way. i want to say, it's always a family engagement if you're out there, thank you both for serving the country but it really does make a difference. it's great to be back here. [applause] >> i did not you would be with us, but we are thrilled to have you here. callista and
of families pay for college. it would extend tax credits for clean energy companies that are creating jobs and reducing our dependence on foreign oil. it would extend unemployment insurance to two million americans who are out there still actively looking for a job. i have to say that ever since i took office throughout the campaign, and over the last couple of months my preference would have been to solve all these problems in the context of a larger agreement, a bigger deal, a grand bargain, whatever you want to call it, that solves our deficit problems in a balanced and responsible way, that just doesn't deal with the taxes but deals with the spending in a balanced way so we can put all this behind us and just focusing on growing our economy but with this congress that was obviously a little too much to hope for at this time. [laughter] it may be we can do it in stages. we're going to solve this problem instead in several steps. last year in 2011 we started reducing the deficit through one trillion dollars in spending cuts. those have already taken place. the agreement being work on rig
're away from home. adjust your thermostat remotely to help save energy and money. turn on the lights, even see that everyone is safe and secure. and with adt, you can rely on our fast response monitoring for 24/7 protection against burglary, fire, and high levels of carbon monoxide. the adt new year's sale. it could help you save something more important than money. call now to save $300 on adt starting at $99 installed plus 15% off accessories. sale ends midnight january 2nd. >>> sunday marks the end of the nfl's regular season and the day after usually isn't too kind to head coaches on losing teams. but even a winning record can't guarantee job security. yes, it has absolutely been a firing frenzy today on the nfl's so-called black monday. seven coaches got their pink slips, most before 11:00 eastern time. the most shocking, i think to all of us, was chicago bears head coach lovie smith. he's getting the boot after nine seasons, including a trip to the super bowl. his team finished 10-6, but missed the playoffs. bears quarterback jay cutler got the news during a live radio show. the kans
to be gone, we need the government to create the next energy industry. we will spend all this money on these renewable things. it will be great. we know how to do it, we have experts. then a disruptive market driven technology comes along that generates $2 natural gas makes all that stuff or basically puts it into the future and the money just went down the drain. a case study the way dwogovernm planning and infrastructure spending, you will get 10 cents of every dollar you spend, basically. that should be in a future book, shouldn't it, to show you the way? we have to learn it again and again. >> it should. as your kids get older and my kids are at that age, it should. as a you start to see some of the school's syllabus for business classes and marketing classes, what you will learn, joe, making a profit is the last thing any of these classes want to teach. >> it's a dirty business. >> there was a time 4 or 500 years ago a middleman marked something up, that was supposed to be a bad thing. supposed to have a zero-sum game between buyer and serier and i thought we all learned about
to people -- take for example the green energy business. . -- you have hundreds of millions of dollars going to favored companies, favorable to the government because of their ideology and what they want to do. to look at the massive loss and waste, and there are criminal investigations into some of these operations -- not only is it an horribly unfair way of redistributing hard-earned income, but it does not work. these companies are laying people off and shutting down, and in some cases i saw were a couple of these big companies, the chinese have come in and bought them and have taken the equipment back to china. what that amounts to is we gave china a leg up by building the company, and when it goes bankrupt we have to handed over to china, as if they do not have enough advantage is. host: chester, pa., karen. caller: happy new year, and thank you for c-span. the original stimulus money went to the banks, and the banks would not lend, so everybody suffered. then george bush gave everyone a stimulus in their hand, they went to walmart to spend it, and the chinese still got it. then, the bu
to you? we talked about it briefly the other day with you. >> it's where to be in energy. you know, natural gas -- one of the things about natural gas which i love is that everybody kind of -- you see them come on your show and elsewhere on cnbc and they talk about this great boom that's going on in shale drilling. and i'm on the other side at this point and this is a tremendous bust in shale drilling that's going on because the price will not allow the innovations to move forward at this point. there's no demand source that's coming back into the market. >> a little better. >> there's no transport demand session coming back. >> it's better than 180. it's not what's needed for a real excitement about the fuel which is $5, $6, $7. >> so should we have a national policy to try to use more of this national gas and pump prices up and get people to do that instead of focusing on solar and hoping we'll have sun? >> yeah. by the way, i think that we should be doing both. that's really -- i think we should be doing both. but in terms of natural gas in 2012, there's been failure after failu
's accommodative. energy prices and dependent reducing. look-term we get to the right place. but we've got to get a credible solution that has integrity. the more integrity the solution has, the more it addresses the long-term issues. the more cash will move out of investor portfolios and into markets. >> because looking at across this, as you say, valley, and abroad, there are people like mark fauber that think that assets will be marked down 50% based on what we already owe in terms of commitments to be made and entitlements in this country. so that what we've seen in other parts of the world is already going to happen here, that we can't really change our future. so you could make a -- you could make a decision as a wealth manage her to get defensive, not based on the fiscal cliff but based on the fiscal abyss. >> you could. for individuals, though, you asked the question earlier, andrew, what can you do? it's almost impossible for individual investors to market and be successful. so what do you do in an environment like this? every individual ought to have a plan. they ought to have a place t
: this follow-up -- if you are poor, you'd have to spend a lot of energy to get enough to beat. john, connecticut. good morning. caller: good morning. i was calling to mention low- quality food and the cost of health care, but you covered well. do you think it would be more beneficial if they start doing a local farming program where they could start growing vegetables? maybe have some land with tiles and chickens, and local people could work on the farming areas and return the food to the communities as opposed to being so reliant on high-salt diets, the foods we would coin as having a long shelf life, leaving it on the shelf for six months without going bad? has the government been able to look into those programs, considering the finances involved in the program as a whole? host: thank you. a related topic -- the availability of this fresh produce is a big distraction for many. guest: there are some programs that speak directly to the point, one our farms-to-school programs, directed to help know where food is coming from and getting fresher food into the schools. in addition, we
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